Choose the Word or Phrase in [ ] Which Will

question 88

Multiple Choice

Choose the word or phrase in [ ] which will correctly complete the statement. Select
-[Anyone | Only those with an account at the bank] could get a check certified.

• A)for the first item
• B)for the second item
• C)if neither item will correctly complete the statement.

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Definitions:

Statistic

A single measure, calculated from sample data, used to summarize a characteristic of the sample.

Parameter

A characteristic or measure that can define or summarize a particular aspect of a statistical population or model.

Estimation

The process of finding an approximate value of some parameter—such as a mean or proportion—of a population, based on random sample data.

Population Parameters

Numeric values that summarize and describe characteristics of an entire population, such as mean, variance, or proportion.